FMI predicts U.S. construction will increase in 2014

FMI predicts that put in place construction will increase to $977 billion in 2014 in spite of economic and fiscal concerns.

11/08/2013

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FMI released its 2014 U.S. Markets Construction Overview, providing a forecast for the next fiscal year. With construction put in place at the end of 2013 expected to be at $909.6 billion, researchers at FMI predict CPIP growth rates to be slightly ahead of the GDP in 2014.

Other predictions include:

Residential CPIP is anticipated to grow from $338.2 billion in 2013 to $379.6 billion in 2014.